FTX creditors only getting '10-25% of their crypto back' creditor

Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value. 

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FTX creditors only getting 10-25% of their crypto back Creditor

Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value. 

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HKMA Issues Alert on Fraudulent Website Linked to Bank of China (Hong Kong)

The Hong Kong Monetary Authority alerts the public about a fraudulent website linked to Bank of China (Hong Kong) Limited. (Read More)

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HKMA Releases September 2024 Quarterly Bulletin and Financial Stability Report

The Hong Kong Monetary Authority (HKMA) publishes its September 2024 Quarterly Bulletin and Half-Yearly Monetary and Financial Stability Report. (Read More)

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Hong Kong Treasury Markets Summit 2024 Highlights Key Financial Innovations

The Treasury Markets Summit 2024, hosted by HKMA and TMA, focused on offshore renminbi business, DeFi, Metaverse, and CBDCs. (Read More)

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HKMA and SFC Finalize Proposals to Enhance Hong Kong's OTC Derivatives Reporting Regime

The HKMA and SFC have concluded their consultation on enhancements to Hong Kong's OTC derivatives reporting regime, aiming for implementation in September 2025. (Read More)

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HKMA Alerts Public of Fraudulent Website and Social Media Page Impersonating Dah Sing Bank

The Hong Kong Monetary Authority alerts the public about fraudulent websites and social media pages impersonating Dah Sing Bank. Public urged to remain vigilant. (Read More)

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Sean Diddy Combs Shares the Same Prison Cell With FTXs Sam Bankman-Fried: Report

Combs and SBF live in the same cell with Mexico's former secretary of public security and the former president of Honduras.

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HKMA and NDRC Collaborate on Seminar to Boost Mainland Enterprises Cross-Border Financing in Hong Kong

HKMA and NDRC held a seminar to enhance Mainland enterprises' cross-border financing in Hong Kong, aiming to strengthen offshore debt issuance. (Read More)

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Former Alameda Research CEO Caroline Ellisons Sentencing Revealed

Ellison's 'extraordinary cooperation' earns praise from judge but doesnt spare her from jail time in the FTX case.

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HKMA Initiates Phase 2 of e-HKD Pilot Programme to Explore Digital Money Innovations

The Hong Kong Monetary Authority (HKMA) launches Phase 2 of the e-HKD Pilot Programme, expanding Project e-HKD to investigate new digital money forms. (Read More)

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Hong Kongs e-HKD project expands into tokenization, programmability

The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.

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SEC says it could challenge FTX crypto repayment plan

The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it reserves its rights to challenge transactions involving crypto assets.

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HKMA Alerts Public on Fraudulent Social Media Account Linked to Shanghai Commercial Bank

The Hong Kong Monetary Authority (HKMA) has issued a warning about a fraudulent social media account and phishing messages targeting Shanghai Commercial Bank customers. (Read More)

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HKMA and AMCM Establish Direct Linkage to Boost Bond Market Connectivity

The Hong Kong Monetary Authority and the Monetary Authority of Macao announce a direct linkage between their bond market infrastructures to enhance financial cooperation. (Read More)

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HKMA and DFSA Forge Strategic Partnership to Advance Sustainable Finance

HKMA and DFSA held a joint conference to strengthen their collaboration on sustainable finance, emphasizing the importance of transition finance and net-zero goals. (Read More)

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Sam Bankman-Fried Requests New Trial in New Appeal Filing

Former FTX CEO, Sam Bankman-Fried, alleges that he was mistried during the last court proceeding, requesting a new hearing in…

The post Sam Bankman-Fried Requests New Trial in New Appeal Filing first appeared on The Crypto Basic.

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Sam Bankman-Fried files appeal for felony conviction

Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.

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Judge questions if ex-FTX exec perjured himself in guilty plea

At a Sept. 12 hearing, Judge Lewis Kaplan moved up Ryan Salames reporting date by two days and considered vacating his guilty plea.

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Ex-Alameda CEO was trying to prevent AI disaster former FTX employee

Caroline Ellison's ex-boyfriend, Sam Bankman-Fried, was sentenced to 25 behind bars for his role in the collapse of the FTX exchange. 

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